Tag Archives: chrysler

U.S. Treasury To Own GM?

So what about the union workers? They are currently voting on an agreement that would give them a stake in GM in return for concessions. The United Auto Workers would get one member on the board and a 17.5% stake in the reformed company. ONE MEMBER ON THE BOARD. It makes me wonder how many board members the US Treasury and the bondholders get.

GM: The Battle For Saturn

As summer inches ever-closer, General Motors’ Saturn line has been narrowed down to two (possibly, a ’secret’ third) potential buyers. This auction of sorts is due mostly in part by the threat of bankruptcy if GM does not shed half of their eight US brands by June 1st.

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